FloQast Continues Rapid Growth Through Addition
of New Customers, Expansion of Team and 300+ Percent Increase in Revenue

Company Adding New Customers at Rate of One Per Day

December 05, 2016 02:50 PM Eastern Standard Time

SHERMAN OAKS, Calif.--(BUSINESS WIRE)--FloQast,
Inc., a provider of accounting close management software designed by
and built for accountants, announced today that it added more than three
dozen new customers in the 2016 third quarter. Additionally, as of
September 30, 2016, the Company has grown its workforce by nearly 90
percent and increased revenue by more than 300% year-over-year.

FloQast is currently adding – on average – one new customer per day, as
more and more companies recognize how the fast-to-implement,
easy-to-use, cloud-based solution helps accounting departments
streamline, manage and more efficiently close their books.

During the third quarter, FloQast acquired, among others, the following
clients:

RedFin

Los Angeles Lakers

AdRoll

Dixie Group

SmugMug

NuSil

Spredfast

Trevali

Western Dental

ZAGG

With FloQast’s
software, accounting professionals can work directly within the
familiarity of Excel while reducing time to close by 40 percent,
lowering their audit costs and more accurately and easily closing their
books with no change to their business processes.

“The addition of these new customers is evidence that more and more
leading organizations across myriad industries and of varying size trust
FloQast to meet their close management needs. Our increasing client
acquisition rate demonstrates that growing companies look to FloQast to
speed their accounting close processes and lower costs,” explained
Michael Whitmire, FloQast co-founder and chief executive officer.

“The month-end close process for many companies remains a manual,
time-consuming process. Knowing there is an alternative that makes daily
status meetings, long email chains and late nights in the office a thing
of the past, while reducing close time and improving accuracy, is
driving FloQast’s rapid growth. Our software is truly helping to
transform accounting department operations and the way accountants
work,” he concluded.

“With FloQast implemented, everyone in accounting is now on the same
page and knows when tasks need to be accomplished and when they are due
in order to close the books,” said Matt Southard, Controller at
TeleSign. “All our balance sheet accounts are now being reconciled
monthly, allowing the team to know if there are any further adjustments
necessary before we publish financials to our C-suite/Board of
Directors.”

FloQast, with monthly licensing rates starting at $79 per accountant,
combines process management, reporting and collaboration into a single,
intuitive solution that allows accounting departments to work together
to quickly and accurately close their books. By directly integrating
with both an organization’s document storage and financial applications,
FloQast lets accountants work in Excel while keeping sensitive financial
data secure in their own systems. This novel approach enables security,
control and flexibility.

About FloQast

FloQast
is a leading developer of accounting close management software, built by
and for accountants. With FloQast, accounting departments can lower
their audit costs and reduce close time by 40% without having to change
any of their current business processes, including, among other
practices, the use of Excel.

Based in Los Angeles, the Company works with hundreds of organizations,
helping them to close their books more quickly, efficiently and
accurately, including, among many others, Twilio, Nutanix, Zillow and
The Golden State Warriors. To learn more, visit www.floqast.com
and join the conversation on Twitter @floqast.